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A08554 Summary:

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A08554 Floor Votes:

A08554 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          8554
 
                               2011-2012 Regular Sessions
 
                   IN ASSEMBLY
 
                                     August 24, 2011
                                       ___________
 
        Introduced  by  M.  of  A.  WEINSTEIN  --  read once and referred to the
          Committee on Judiciary
 
        AN ACT to amend the surrogate's court  procedure  act,  in  relation  to
          clarifying  that all property required to be set off shall be included
          in the value of a small estate
 

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.    Subdivision  1 of section 1301 of the surrogate's court
     2  procedure act, as amended by chapter 300 of the laws of 2008, is amended
     3  to read as follows:
     4    1. A small estate is the estate of a domiciliary or a  non-domiciliary
     5  who  dies  leaving  personal property having a gross value of $30,000 or
     6  less exclusive of property required to be set off under EPTL  5-3.1  (a)
     7  [(1), (2), (3), (4) and (5)].
     8    §  2.    This act shall take effect immediately and shall be deemed to
     9  have been in full force and effect on and after January 1, 2011.
 
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.

                                                                   LBD13267-01-1